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AG Thorson

In August, we laid the foundation for a Major Buying Opportunity Arriving in September. The final collapse below $1900 is now underway, and precious metals could bottom next week. We see tremendous potential in silver and platinum going into 2021 (see articles below). Energy is also becoming attractive.

Will Platinum be the Next to Breakout?

Silver Forecast – Major Buy Signal

Gold Price Target

Gold is dropping into an intermediate low precisely on schedule. Our work supports a bottom next week – possibly on or surrounding the October 2nd employment report. The final breakdown phase usually lasts 5 to 8 trading days.

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Why Follow Cycles

I started studying various cycles in financial assets about 10-years ago. Oblivious to them before, I recognized their importance. If you know where you are in a cycle – everything gets a lot easier.

Gold has two dominant cycles: The 8-year cycle and the intermediate 6-month cycle.

  • The 8-year cycle represents major turning points for gold, often marking multi-year bottoms (2000, 2008, 2016, 2024, etc.)
  • The intermediate cycle bottoms roughly every 6-months and offers multiple trading and investing opportunities. The previous low arrived in March.

Below is a snippet of an 8-year low (blue arrow) and multiple 6-month lows (green arrows). As you can see, cycles offer attractive buying opportunities.

Gold Cycle Indicator

Armed with the knowledge of cycles and well-adept in technical analysis, I decided to create the gold cycle indicator. It simplifies investing. When it drops below 100 and enters cycle bottoming, the 6-month cycle is bottoming. Does it catch every low perfectly? No. But it gets most of them.

Final Note: Initial support arrives around $1808, with an ideal C-wave target of $1765.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information visit here.

For a look at all of today’s economic events, check out our economic calendar.

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